Written answers
Thursday, 4 October 2012
Department of Finance
Universal Social Charge Payments
Sandra McLellan (Cork East, Sinn Fein)
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To ask the Minister for Finance the amount of money that would be raised in a full year by extension of the Universal Social Charge to all capital gains, whether liable to Capital Gains Tax or not; and if he will make a statement on the matter. [42280/12]
Michael Noonan (Limerick City, Fine Gael)
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I am informed by the Revenue Commissioners that sufficient basic data are not available on which to base a reliable estimate of the yield to the Exchequer from this proposal, as information is not required on tax returns in relation to all capital gains. Accordingly, it is not possible to provide the specific information requested by the Deputy.
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